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Indian equities ended lower for the fourth straight day, giving up all of Monday's gains to post losses for the week.
The S&P BSE Sensex ended 0.85% lower at 50,889 while the NSE Nifty 50 index failed to hold the 15,000 mark, ending 0.9% lower at 14,981. Both the benchmarks fell over 1% for the week.
For today's session, all sectoral indices ended with losses. The Nifty Bank, after gaining 1,300 points on Monday, shed close to 1,600 points in the next four sessions. The index ended 2% lower at 35,841.
PSU Banks, which outperformed through the week, snapped a five-day gaining streak to end 4.8% lower. The Nifty Auto index ended 2.6% lower while the Metal index declined 2%. The Nifty Pharma index fell 1.4% in today's session.
Broader markets also ended lower in today's session. The Nifty Midcap index fell 1.6% while the Smallcap index declined 0.9% lower.
The India Volatility Index rose 3.3% to end at 22.25.
716 stocks on the NSE ended with gains while 1,176 stocks underperformed to end lower.
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Indian equities opened lower for the fourth straight day, as sentiment across the Asia-Pacific remains muted.
The S&P BSE Sensex opened 0.2% lower at 51,238 while the NSE Nifty 50 index fell 0.3% at the start of trading to 15,074. As of closing on Thursday, both Sensex and Nifty gave up Monday's gains, courtesy the three-day drop.
Among the sectoral indices, the PSU Bank index has opened 0.8% higher while the Nifty Bank index shed another 200 points to open below the 36,500 mark.
Most other sectoral indices have opened flat. The Auto index is down 0.4% while the Media index has gained 0.2%.
Broader markets have opened flat this morning. Both Nifty Midcap and Smallcap indices are little changed from Thursday's closing levels.
1,061 stocks on the NSE have opened with gains while 862 are trading lower.
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